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Posted by harvey4ije on September 10, 2024 at 9:41am 0 Comments 0 Likes
Posted by smithmorgan on September 10, 2024 at 9:40am 0 Comments 0 Likes
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Posted by smithmorgan on September 10, 2024 at 9:40am 0 Comments 0 Likes
KATHMANDU, March 3 (Xinhua) -- Nepal received the highest investment pledges from China as the Himalayan country received a total pledge of 13.52 billion U.S. dollars from seven countries at Nepal Investment Summit that concluded on Friday.
Chinese delegation, which has the largest number of investors, committed foreign direct investment (FDI) of 8.2 billion U.S. dollar in the two-day event, according to Investment Board Nepal (IBN), one of the organizers of event along with Industry Ministry.
The Chinese investment pledge is 61 percent of total pledged amount during the event.
According to IBN, Bangladeshi investors committed FDI of 2.4 billion U.S dollars, second highest from among the seven nations. The investors from Japan and the United Kingdom pledged over 1 billion U.S dollars.
The Himalayan country also received FDI pledge of 500 million U.S dollars from Sri Lanka, 317 million U.S dollars from India and 11.5 million commitments from Nepalese investors.
Chief Executive Officer of IBN Maha Prasad Adhikari said that they were encouraged by FDI pledges from the Chinese investors along with their participation in the event.
"They have resources and technology and receiving largest investment pledge from there is natural," he told Xinhua.
China has been topping in investment commitment to Nepal in the last few years. China committed largest FDI in the last fiscal year 2015-16 that ended in mid-July 2016, and also pledged more than two third of total FDI to Nepal during the first half of the current fiscal year, according to Nepal's Department of Industries (DoI).
Of 16 companies that signed letter of intent pledging investments in Nepal during the event, six are from China, the most from one single country. Among the Chinese investors, China Machinery Engineering Corporation pledged 3 billion U.S. dollar for hydropower, hospital and Kathmandu Metro, being the largest investment pledge from single company at the summit.
China State Construction and Engineering Co, CTCE Group, Sichuan Wanping Energy Science and Technology, Wuling Power Corporation and Sichuan Boxing Country Wanping Mining are other Chinese companies making investment commitments. Three companies from India, one each from Japan, the United Kingdom and Sri Lanka and three companies from Nepal also pledged investments during the event, according to IBN.
Nepalese Industry Minister Nabindra Raj Joshi termed the event a great success. "Now I will personally keep following up with the investors and facilitate them to ensure that they invest here as per the commitment," he said.
Nepal has also formed a follow up mechanism for realization of committed investment.
LOS ANGELES Nike Huarache Grey , Aug. 27 (Xinhua) -- The viewership for the 66th Primetime Emmy Awards ceremony on Monday dropped by 11.4 percent from last year to 15.6 million, partly due to the reason that it was on Monday.
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Last year's ceremony which aired on CBS. It aired in September, when overall viewing is higher, and followed an NFL game.
The ceremony annually rotates among the four major broadcast networks. The other two are ABC and Fox.
This year's ceremony was held at the Nokia Theatre in downtown Los Angeles. It was the first that held on Monday since 1976.
EDINBURGH Nike Huarache White , April 25 (Xinhua) -- Scotland's recovery is set to consolidate further in 2014 following the fastest year of economic growth since 2007 before the recession, the Scottish government announced on Friday.
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However Nike Air Huarache Triple Black , it pointed out that the effects of the financial crisis will continue to have an impact for some time to come in Scotland, which entered recession over 5 years ago.
Scottish Cabinet Secretary for Finance and Sustainable Growth John Swinney welcomed the report as good news for business and good news for hard working people across Scotland.
"We have turned a corner but significant challenges still remain as businesses continue to respond to changing market conditions and a challenging external environment, particularly in our key export market of Europe." he noted.
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ISLAMABAD, May 6 (Xinhua) -- At least one person was killed and 10 others were injured on Wednesday evening in a terrorist attack during a football match in Pakistan's northwestern tribal region of Kurram Agency, local media reported.
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